Oil is in undecided territory right now on the verge of what looks like a macro shift, that said in the shorter term we can see a setup for a possible bullish move on the intraday. This is confluenced by the bullish 50 and 100 Moving Average Cross. My confidence in this trade is limited as, after all, it is Oil, but time will be the best teacher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.